News SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair

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If this gets approved then SEAS will have about $5.5B in long term debt on their books based on current prices. $3.4B for this purchase and their quarterly report for the third quarter has $2.106B listed as long term debt (net). 4th quarter and full year figures won't come out until the end of this month. They must like that their current market cap values the company at $4.6B right now as it is probably factoring into this decision along with their repoted bullish outlook on the entertainment industry. Even though this would be a lot of debt they'll probably just keep on rolling it over like most companies do and slowly pay is down.
 
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to see something like HOS branding at KD would be funny .
 
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DRIFT said:
to see something like HOS branding at KD would be funny .
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I would die inside. KD has significantly improved their quality with special events (Haunt, WinterFest, and Grand Carnivale, especially) since Cedar Fair took over. It would be very sad to see all of that work go to waste.

Cedar Fair’s recent focus on excellent theming would also probably go to waste.
 
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mtorange said:
I would die inside. KD has significantly improved their quality with special events (Haunt, WinterFest, and Grand Carnivale, especially) since Cedar Fair took over. It would be very sad to see all of that work go to waste.

Cedar Fair’s recent focus on excellent theming would also probably go to waste.
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Yeah, that’s my concern. Cedar Fair is actually trying their hand at theming. While it may not be a LOT, it’s still going to make a HUGE difference to that area of the park. With seas under control, that’d probably all they ever get there.
 
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Alf33 said:
If this gets approved then SEAS will have about $5.5B in long term debt on their books based on current prices. $3.4B for this purchase and their quarterly report for the third quarter has $2.106B listed as long term debt (net). 4th quarter and full year figures won't come out until the end of this month. They must like that their current market cap values the company at $4.6B right now as it is probably factoring into this decision along with their repoted bullish outlook on the entertainment industry. Even though this would be a lot of debt they'll probably just keep on rolling it over like most companies do and slowly pay is down.
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Seems like investors just don't care about high debt levels any more, so it shouldn't be an issue with analysts.
 
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I honestly think this is going to happen, but not as an entire buy off, what if cedar fair sells off, Michigan’s adventure, Valleyfair, and worlds of fun? Wouldn’t that be a good deal for both companies? Cedar Fair get some pressure taken off?
 
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Seaworld Orlando History said:
I honestly think this is going to happen, but not as an entire buy off, what if cedar fair sells off, Michigan’s adventure, Valleyfair, and worlds of fun? Wouldn’t that be a good deal for both companies? Cedar Fair get some pressure taken off?
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I assume SEAS really wants the parks in markets they currently compete in, right? VA, CA, TX, and PA all seem to carry big upside for SEAS.
 
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If it ever went through, since SEAS seems to want to be more of a thrill park, if they would sell the BG’s to get out of two parks too close and to still be in the market.
 
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I feel like the goal, if your only taking part of the package, would be Knotts, Carowinds, and Canada. Possibly Texas as well. I don't think SEAS cares about the small market parks. I see those being sold off if this deal goes through.
 
Can you imagine the members perks in 2023.......

To redeem your Busch Gardens Pantheon Quick Queue (Opening Spring of 2023) go directly to Zone Q located just outside guest relations at Kings Dominion Va. Then Visit the Emporium at Busch Gardens Va to exchange your voucher for your Quick Queue. Note Vouchers must be used on day of printing.
 
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warfelg said:
If it ever went through, since SEAS seems to want to be more of a thrill park, if they would sell the BG’s to get out of two parks too close and to still be in the market.
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See, I said something like that over on the Reddit thread for this and got downvoted. But this is the scenario I want to see, rather than KD getting Geauga'd.
 
For the sake of argument let's say it goes through and KD doesn't get destroyed then one of the big losers that no one is talking about is Kings Mill. The threat to move capital investments to KD would be an extremely powerful threat. Say SEA said they decided that they were going to build a 500 foot tall hot pink Polar Coaster at one of their VA parks as part of the expansion of said park do you not honestly think that JCC's board would move so fast that they would trip over themselves approving the height and color wavers to insure that investment doesn't end up in Doswell? Heck the leverage alone might be worth keeping KD around.
 
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WDWRLD said:
Can you imagine the members perks in 2023.......

To redeem your Busch Gardens Pantheon Quick Queue (Opening Spring of 2023) go directly to Zone Q located just outside guest relations at Kings Dominion Va. Then Visit the Emporium at Busch Gardens Va to exchange your voucher for your Quick Queue. Note Vouchers must be used on day of printing.
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Perks are only good at your home park,,,,
 
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Lots of good info in here:
seekingalpha.com

Cedar Fair stock gains after analysts sees SeaWorld bid as too low (NYSE:SEAS)

Cedar Fair (FUN) rose 2.3% after gaining 4.3% on Monday after a report that SeaWorld (SEAS) offered to acquire the amusement park operator for $60/share as analysts see the bid as too...
seekingalpha.com seekingalpha.com

General take is that SEAS' offer is too low, but a deal makes a lot of sense—potentially even at a notably higher price point per share.
 
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